FX Energy, PGNiG Start Production on Second Well in Fences Concession

US-based FX Energy started production at the Komorze-3 well in the Fences concession in Poland, registering a 1.1 million cubic feet of gas per day gross in this phase.

“With the additional production from Komorze-3, our Company-wide net production is now approximately 14 million cubic feet of gas equivalent per day, with two more wells yet to come on line,” David Pierce, president of FX Energy, said in a note released on Monday.

The company expects first production from the Lisewo-2 well to start in the third quarter of 2014, while the Szymanowice-1 well in early 2015.

All four of these wells are located in the Fences concession where the Polish Oil and Gas Company (PGNiG) is the operator and owns 51% of the working interest; FX Energy owns 49%.

“Gas prices remain strong in Poland and with our increased production we are better able to fund a growing exploration and development program,” Pierce said.

The Tuchola-4K well is currently at a depth of 1073 meters, drilling toward total depth of approximately 3,452 meters. The primary objective of the well is the lower Zechstein Ca1 formation at a depth of approximately 2,700 meters.